Stocks Making: Cup with Handle on
This finds which have formed Cup-with-Handle patterns which are at least 8 weeks long and at most 9 months long. The beginning, or left side, of cup has to start after a rally of at least 30%.
Then a 20% to 30% correction from the old high (left side cup edge) must occurs. The stock then builds a rounded base which slowly climbs back toward the old high The right edge of the cup must be at most 15% below the left edge (the old high). Then a slight pullback occurs which forms the handle.
The handle can be a minimum of 1 week long & max of 6 weeks in duration. It must aslo form within the top half of the cup and be within 15% of the left side top of the cup.
The official / traditional buy point is when & if the stock rises above the RIGHT edge of the cup on higher than average volume.
Related Scans: Basing Investor's Business Daily / CANSLIM Possible Breakout Bullish Swing SetupPro Scan
Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
AESI | D | 20.58 | -4.94 | 3,557,184 | 4.74 | |
CRNX | D | 51.78 | 2.13 | 1,810,902 | 2.86 | |
SITC | D | 17.21 | -0.81 | 1,991,926 | 2.26 | |
RJF | B | 126.74 | -1.20 | 2,036,417 | 1.97 | |
HON | B | 213.60 | -0.05 | 4,957,613 | 1.94 | |
GSK | F | 39.21 | -2.56 | 7,773,598 | 1.86 | |
RNG | D | 31.35 | 3.09 | 2,313,263 | 1.66 | |
AN | D | 163.54 | 0.26 | 539,374 | 1.53 | |
PMT | B | 13.86 | -0.70 | 1,036,333 | 1.51 | |
CHDN | B | 139.99 | -0.46 | 518,823 | 1.50 | |
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